Loading fund overlap…
14 of 98 unique stocks in common · Jaccard: 14.3%
A weighted portfolio overlap of 25.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.56 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.55% in SBI MultiCap Fund and 10.53% in UTI Nifty 50 ETF. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in SBI | in UTI |
|---|---|---|
| HDFC BankBanks | 3.55% | 10.53% |
| Reliance IndustriesPetroleum Products | 3.19% | 8.25% |
| ICICI BankBanks | 2.94% | 8.30% |
| Bharti AirtelTelecom - Services | 2.71% | 5.19% |
| Kotak Mahindra BankBanks | 3.88% | 2.61% |
| Axis BankBanks | 1.97% | 3.41% |
| Hindalco IndustriesNon - Ferrous Metals | 2.28% | 1.51% |
| InfosysIT - Software | 1.45% | 3.76% |
| Tata SteelFerrous Metals | 1.31% | 1.59% |
| Asian PaintsConsumer Durables | 3.00% | 1.12% |
| EternalRetailing | 0.99% | 1.67% |
| Bajaj FinservFinance | 2.88% | 0.95% |
| JSW SteelFerrous Metals | 0.83% | 1.11% |
| Grasim IndustriesCement & Cement Products | 0.43% | 1.10% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.